Common use of Section 409A of Internal Revenue Code Clause in Contracts

Section 409A of Internal Revenue Code. 16.1 Subject to paragraph 16.2, if, on the Executive's Last Day of Employment, the Executive is a "specified employee" as defined in Section 409A of the Code, no payment or benefit will be provided under this Agreement until the earlier of:

Section 409A of Internal Revenue Code. 16.1 Subject to paragraph 16.2, if, on the Executive's ’s Last Day of Employment, the Executive is a "“specified employee" ” as defined in Section 409A of the Code, no payment or benefit will be provided under this Agreement until the earlier of: